City Of Boston Credit Union
Headquarters
455 West Broadway
South Boston, MA 02127
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2024 Overview
General Credit Union Information
City Of Boston is an NCUA insured institution located in South Boston, MA. It was founded in 1915 and has approximately $567.7 millions in assets.
Who can join?
Membership in the City of Boston Credit Union is open to anyone who qualifies in any one of the following ways:
1. Persons who live or work in Norfolk or Suffolk Counties, Massachusetts.
The following are cities and towns of Norfolk County: Avon, Bellingham, Braintree, Brookline, Canton, Cohasset, Dedham, Dover, Foxborough, Franklin, Holbrook, Medfield, Medway, Millis, Milton, Needham, Norfolk, Norwood, Plainville, Quincy, Randolph, Sharon, Stoughton, Walpole, Wellesley, Westwood, Weymouth and Wrentham.
The following are cities and towns of Suffolk County: Boston, Chelsea, Revere, Winthrop
2. Organization Members located in Norfolk or Suffolk Counties, Massachusetts. For the purpose of this by-law, the term Organization Member shall mean an Organization Member, as defined in section 1 of chapter 171 of the Massachusetts General Laws or any regulation promulgated by the Division of Banks.
3. Persons whose salaries, wages, compensation, pensions or annuities which are available for payroll deduction or transfer of funds are paid in whole or part by the City of Boston, Commonwealth of Massachusetts, or any department, commission or authority, within the Commonwealth of Massachusetts.
4. Employees of the City of Boston Credit Union.
5. Family members of persons described in 1, 3 or 4 may become members. A family member is defined as mother, father, sister, brother, wife, husband, daughter, son, grandmother, grandfather, or grandchild.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 67841 |
| Date Established | 1915 |
| Assets | $567.70 million |
| Loans | $443.80 million |
| Deposits | $489.49 million |
| Capital | $47.93 million |
Field of Membership Restrictions
Membership in City Of Boston Credit Union is open to those who live or work in Suffolk or Norfolk Counties in Massachusetts and to employees of the City of Boston or of the Commonwealth of Massachusetts.
Deposit Rates - November 2, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.15% | $2,500 | $2,999 |
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|
|
Money Market
|
0.15% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.40% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.50% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.75% | $500 | $49,999 |
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|
| 12 Mo CD
|
0.85% | $50,000 | $199,999 |
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|
| 18 Mo CD
|
0.85% | $500 | $14,999 |
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|
| 18 Mo CD
|
0.95% | $50,000 | $199,999 |
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|
| 24 Mo CD
|
0.95% | $500 | $49,999 |
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|
| 24 Mo CD
|
1.05% | $50,000 | - |
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|
| 30 Mo CD
|
1.00% | $500 | $99,999 |
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|
| 30 Mo CD
|
1.10% | $50,000 | $199,999 |
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|
| 36 Mo CD
|
1.20% | $500 | - |
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|
| 36 Month CD
|
1.30% | $50,000 | - |
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|
| 48 Mo CD
|
1.30% | $500 | $49,999 |
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|
| 48 Month CD
|
1.40% | $50,000 | - |
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|
| 60 Mo CD
|
1.45% | $500 | - |
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|
| 60 Month CD
|
1.55% | $50,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.05% | $2,500 | $3,499 | Learn More |
Loan Rates - November 2, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for City Of Boston
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2262032 License#: RM.804810.000 |
6.391% | 6.250% | 1.00 | $4,800 | $1,971 | Learn More |
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.987% | 6.875% | 0.88 | $3,654 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
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More Info |
Note to City Of Boston
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Branches
Below are City Of Boston branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
City Of Boston Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 647.38 | A | View Lobby Hours | |
| 649.36 | B | View Lobby Hours | |
| 651.34 | C | View Lobby Hours | |
| 653.68 | D | View Lobby Hours |
Climate Policy and Initiatives
CITY OF BOSTON is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
City Of Boston Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of City Of Boston. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| City Of Boston | U.S. Average |
|---|---|
| 4.86% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, City Of Boston had $2,557,758 in non-current loans and $0 in owned assets. To cover these potential losses it had $47,932,797 in net worth and $4,682,190 in loans loss reserves. That gives it a Texas Ratio of 4.86%.
Net Worth
| City Of Boston | U.S. Average |
|---|---|
| 8.41% | 13.93% |
City Of Boston FCU has a net worth of 8.41% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for City Of Boston
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